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A trust administration is NOT a court-supervised process,yet its ultimate goal is also the transfer of property from an individual who has died (the �decedent”) to that individual�s beneficiaries who are identified in the living trust system Irvine Probate Law Living Trusts take 41 Corporate Park,Irvine,CA 92606.
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Most living trusts are �revocable� because you can change them as your circumstances or wishes change Irvine Probate Law Living Trusts Probate is the court-supervised process of authenticating a last will and testament if the deceased person made one.
It is also recommended (but not required) that each person be sent a copy of the Petition for Probate with all attachments Irvine Probate Law Trust Lawyer Free No Obligation Thirty Minute Consultation.
You’ll need to ensure the estate’s assets can cover all debts before paying them If not,the state will prioritize creditor claims tool.
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Once everything has been distributed,you will submit receipts and records of everything to the court and then ask for the estate to be closed and to be released from the role of executor It is usually a good idea to set up an estate account for paying the estate’s final bills and expenses Irvine Probate Law Distribute Remaining Assets.
Irvine Probate Law can handle all meetings or interactions with beneficiaries to fix issues and explain the workings of the trust which can be time consuming,challenging,if not downright exhausting.
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In addition to the petition,you will need to file a valid will,if one exists,and the death certificate include.
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